Call reports 2013
STURGIS BANK & TRUST COMPANY — 2013
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 328,234,000 | 315,960,000 | 318,327,000 | 304,814,000 |
| Total loans | 254,319,000 | 244,722,000 | 240,744,000 | 239,729,000 |
| Allowance for loan losses | 4,973,000 | 4,744,000 | 4,544,000 | 4,146,000 |
| Securities available for sale | 1,770,000 | 1,602,000 | 1,588,000 | 1,575,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 246,040,000 | 232,973,000 | 235,285,000 | 229,041,000 |
| Interest-bearing deposits | 200,751,000 | 191,062,000 | 192,227,000 | 187,314,000 |
| Noninterest-bearing deposits | 45,289,000 | 41,911,000 | 43,058,000 | 41,727,000 |
| Equity capital | 31,169,000 | 31,430,000 | 31,849,000 | 32,082,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 3,108,000 | 6,108,000 | 9,118,000 | 12,050,000 |
| Interest expense | 643,000 | 1,275,000 | 1,901,000 | 2,442,000 |
| Net interest income | 2,465,000 | 4,833,000 | 7,217,000 | 9,608,000 |
| Noninterest income | 1,258,000 | 2,428,000 | 3,690,000 | 5,124,000 |
| Noninterest expense | 3,120,000 | 6,215,000 | 9,236,000 | 13,074,000 |
| Provision for loan losses | -88,000 | -243,000 | -234,000 | -489,000 |
| Pretax income | 691,000 | 1,289,000 | 1,905,000 | 2,147,000 |
| Income tax | 144,000 | 255,000 | 361,000 | 342,000 |
| Net income | 547,000 | 1,034,000 | 1,544,000 | 1,805,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,859,000 | 28,242,000 | 28,692,000 | 28,925,000 |
| Total capital | 30,654,000 | 30,921,000 | 31,281,000 | 31,485,000 |
| Risk-weighted assets | 221,394,000 | 212,224,000 | 205,145,000 | 203,188,000 |